Breakthrough in U.S.-China Trade Negotiations at Golden Networking's China Happy Hour New York City

China Happy Hour New York City (www.chinahappyhour.com), Every 4th Tuesday, Brings Together Chinese Business Leaders for Evenings of Fast-paced Networking and Cocktails in Midtown Manhattan.

New York City, NY, USA (July 12, 2013) -- There is often a lot of effervescence that comes out of diplomatic meetings, says The Wall Street Journal's John Bussey. And so it was today Thursday, when the U.S. announced a "breakthrough" in trade talks with China-the same negotiations that, over many years, have produced lots of promises and little progress. What happened was that the two sides agreed to continue negotiating a so-called bilateral investment treaty, or BIT, but under a new model treaty announced last year that has additional market-opening requirements.

Among the reasons China wants a treaty is that it has very big investment ambitions in the U.S. Some of its investments have been blocked by U.S. national security concerns, and for other reasons. An investment treaty would give China a lot more clarity about the rules of the road, give it a way to appeal for compensation if a deal is blocked, and provide China something of an overall seal of approval. Some Chinese leaders also want to use a trade deal to force additional economic reform at home.

The U.S. wants a treaty because companies-from oil drillers to bankers-still don't have the market access China promised when it signed previous trade pacts, notably when it entered the WTO. What do Chinese business executives and journalists want in New York City? They all just want to attend Golden Networking's China Happy Hour (http://www.ChinaHappyHour.com), the best China networking in the Big Apple, to be held Tuesday July 23rd, 6PM.

Companies represented in past editions of Golden Networking's Happy Hour include Alaris Trading Partners, Andrews Securities, Apollo Advisors, Atlantic Advisory Group, Avatar, Blackstone, Capital Advisors, Citadel, Citi, CNBC, Comscient, Credit Suisse, DE Shaw, Deutsche Bank, Duane Morris, Eagle View Asset Management, Falcon Technology Systems, General Atlantic, GETCO, Goldman Sachs, Greyfields, IBM, Infinium Capital, KKR, Lightspeed, Lime Brokerage, Mahogany Partners, MNG Capital, Monolith Capital Trading Partners, Morgan Stanley, MSF Capital Advisors, Nirvana Capital, Nobilis Capital, OneMarketData, OneTick, Providence, RBS, SBS Securities, Silver Lake, The Carlyle Group, Twin Capital Management, UBS, among others.

Panelists, speakers and sponsors are invited to contact Golden Networking (http://www.goldennetworking.com) by calling +1-414-FORUMS0 or sending an email to info@goldennetworking.net. Golden Networking has been frequently featured in the press, including articles in The Wall Street Journal, "Happy Hour for High-Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market" and Reuters, "Revamp looms as trading experts huddle at SEC".

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0

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